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Three “Firsts” – China’s Merger Control Process Is Moving On

On 10 November 2011, the Chinese Ministry of Commerce ("MOFCOM") granted conditional approval for the proposed establishment of a joint venture ("JV Company") between two subsidiaries of the US multinational General Electric ("GE") and Shenhua Group Corporation Ltd. ("Shenhua"), the Chinese state-owned energy giant. The approval decision breaks new ground for Chinese merger control in several respects.